FAQ’s Processing


Frequently Asked Questions

FAQ’s Processing
Yes, everything is done on line through the portal
Our Admin Department gives out credentials to all new loan officers and processors when the first loan is submitted. If a processors work with multiple loan officers, let us know so they are able to access/view all of their loans.
5th Street Capital will disclose the LE electronically to your borrower once we receive the requirements for disclosing from your office. Fees and a full submission package, as defined by 5th Street Capital, must be provided within 24 hours of loan application, all in accordance with applicable laws, rules, and regulations.
Broker Submission / Fee Sheet
Estimated Settlement Statement from escrow
Prequal email
1003 (dated within 24 hours of submission)
*At the same time you may also upload income and asset documentation so your loan can be submitted to underwriting

Yes, but will also pull our own credit when the loan is submitted. 

We order the VOE’s unless its specified on the condition sheet that we would require you to order it.
Yes, the 4506 -T must be wet signed but will not hold up your file from moving through out loan process, once received we will order transcripts for you. The SSA-89 form does not need to be wet signed to proceed, although the initial disclosure package will request that the borrower print it out they can skip past that requirement.
No, we don’t require a copy of an AUS finding.
CPL – needs to be in 5th Street Capital’s name
Hazard Insurance – needs to reflect 5th Street Capital as the loss payee
Appraisal – if performed for another lender we require an appraisal transfer letter
VOR
Preliminary Title Report
Desk/Field Review (if required)
We underwrite, draw docs and fund the loan for you.
The loan officer must have their NMLS license.